Dow - BearishLooks Like a Good Set up of Head & Shoulders
Might just go down to Targets
Check if you Like & Agree
Head and Shoulders
Inv head and shoulderEnd of correction is seen in ABFRL.
This reversal pattern is seen nr 200ma and has very high success rate at such support area.
inverted head and shoulders on SBIN: State Bank of IndiaA slanting channel on 2 hr time frame, a break out of which can lead towards 620 area and drop from the channel can bring the price to the lower end of the channel or the buffer support area. Beyond which it can retest 550-555 levels.
but on the larger Daily Time Frame, its a head and shoulders in formation and a breakout of which will come above 620.
Do like and leave your thoughts behind.
#Sbi #StateBankofIndia #psubank
NATCO PHARMA FORMING INVERSE HEAD AND SHOULDERThe stock follows a trend giving great positional returns for short term moreover it can face
and certain drawback till the 841 levels in order to complete the pattern but after it nothing can stop it from breaching 992 and 1045 levels
#Relaince#Crude Oil - Looking Bullish.
# Candle- Bullish Candle
# Volumes - Above average
# EMAs - all up
# Chart Pattern - H&S
# DIV - NA
# RSI - Buy
BERGERPAINT: Likely to form Reversed Head & Shoulder PatternBerger Paint likely to form Head & Shoulder Pattern.
Wait for breakout from 675 level if you are safe investor.
Risky investor can enter at current level 565 to get more gain.
#Current Price - 565
#Expected Target - 900
#Resistance Based Targets
- Target 1 - 712
- Target 2 - 900
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 563
- Target 2 - 524
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
M&M INVERTED H&S PATTERNINVERSE HEAD AND SHOULDER PATTERN IN M&M
cmp 1591
any close above 1600 will be considered at pattern breakout for...
1625 / 1650 / 1675 / 1700
Sl can be 1580 closing basis
---------------------------------------------MAJOR RESISTANCE 1600-------------------------------------------
if could not sustain above 1600 one can short for
1575 / 1550 / 1525 / 1500
Sl can be 1620 closing basis
Regards..
Keshav..
02/09/2023
Disclaimer:
I am not a SEBI Registered analyst...!!
Charts are made only for study purpose and paper trading... !!
Union Bank Cmp 99.60 H&S Pattern 5 years BOUnion Bank Cmp 99.60 dated 20-9-2023
Weekly Chart (Positional Call)
1. Inverted Head & Shoulder Pattern.
2. Rounding Pattern
3. 5 years of consolidation BO @ 100
4. Price Rise with Volumes
Buy above 100 target 115-130-140-150-160-175
SL 85
It is just a view, please trade at your own risk.
UNIONBANK - GO LONG - Monthly breakout For Educational Purpose..
#UNIONBANK IS READY TO BUY LONG
Waiting Time 2-3 Months
Long Above - 106-110
SL - 85
Target - 125, 150, 175
Thank you
ASAL - Weekly AnalysisIn the Weekly Chart of ASAL ,
we can see that; after Inverted Head & Shoulder breakout, it has retested properly and created a Halt candle on Trendline.
If it breaks Halt Candle's High we might see a 15-20% up move.
Enter on breaking Halt candle's High with Low as SL.
Inverse H&S pattern on daily chart of BTCUSD (Bitcoin/USD)Inverse H&S pattern on daily chart of BTCUSD (Bitcoin/USD)
AKZO NOBLE it has perfectly retested the old breakout zone
entry and stoploss mention on charts
chart is in bullish formation
this is for learning purpose only.
one can always analyse before entering the trade.
DIVIS LAB ANOTHER QUALITY GEMA beautiful formation in the making at the base
it has given breakout of the channel and sustained the level
now going forward
the setup looks very promising in coming days
one can simply go long with the Sl of closing below 20ema in weekly tf
always analyse. before go into the trade
this is just for learning purpose
m not a sebi register advisor
Decoding Westlife: Market Rally and Anticipating the Next MoveHello Traders! Today we're revisiting our analysis of Westlife from June 6, where we discussed the breakout of a Head & Shoulder pattern. Let's dive in!
On June 9, our suggested entry triggered at a retest of the H&S breakout at 825 .
From that entry point, the stock rose to a level of 1024 by September 8 — a gain of nearly 27% .
This movement aligns perfectly with the Head & Shoulder target method. This method measures the vertical distance from the head to the neckline of the pattern. The same distance becomes our target from where the breakout happened.
Now, let's understand Shortening of Thrust (SOT):
What is SOT? SOT stands for Shortening of Thrust, which is a trading term that indicates potential trend weakness. It’s used to identify the end of moves. SOT is part of Wyckoff trading theory. Thrust refers to the distance between the current swing high to a previous swing high (in an uptrend) or swings low (in a downtrend). Increased thrust is a sign of potential trend strength. Shortening of Thrust is a sign of potential trend weakness.
to learn more check below post:
On the monthly timeframe, we can observe a Shortening of Thrust (SOT) , a sign that the current uptrend may be losing thrust. The price is currently stopping at its daily EMA50 and the uptrend line. There's a chance for a pullback from these levels, but the odds are low due to the SOT observed on the monthly candle.
To summarize, if the price does not break above 1020 after a potential pullback, we may expect further weakening of the trend. If the price doesn't take a pullback from the current level, it could fall further as the monthly timeframe is showing weakness.
🔮 Possible Scenarios Ahead for Westlife 🎯
If the price pulls back from the current level and breaks above 1020, we may see further upside.
If the price doesn't pull back from the current level, we could experience a downward move due to the weakness shown in the monthly timeframe.
Please note that this article is purely educational and should not be taken as financial advice. Always do your own research and consult with a professional before making any investment decisions.
🤝 Thank you for your continuous support, likes 🚀 follows, and comments. Your engagement keeps me motivated to consistently provide valuable content.
ALOKINDS - Weekly AnalysisIn the Weekly Chart of ALOKINDS ,
we can see that; after Inverted Head & Shoulder breakout, let it retest properly.
Expected momentum is shown in chart.
Finolex Cables: ATH Breakout with consolidationMultiple IB breakout
Can be added on retest of Previous ATH Level or can be in parts now
SL: Below Previous Swing low
Target: 1095/1180
DISC: For educational purposes only. Please consult your financial advisor before any trade.
Forming Head and Shoulder PatternNSE:MINDTECK - Daily Chart analysis.
It seems the stock will form bottom head and shoulder pattern.
The chart is self explanatory with Intermediate-Term Bullish.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
DRONACHARYA: Inverse Head and Shoulder DRONACHARYA (DRONEACHARYA AERIAL INNOVATION) has completed an Inverse Head and Shoulder pattern. Listed on BSE. No major volume change. RSI >60. Trades in lots of 1000. High Risk. Waiting for breakout.
DIXON: 1 year inverted head and shoulder breakoutDIXON is showing a 1 year inverted head and shoulder breakout. It retested level and and is going back up and will face resistance at previous all time highs now. Good volumes and RSI.
GE Shiping inv head and shoulderAfter breaking lifetime high in December. The resistance has become support now.
Now this stock has retraced at same levels and has shown strength
inv Head and shoulder is formed at this key level.
SL 530
Target 725 and 900
LONGSETUP BATA INDIAA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of BSE:BATA1!
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Flag and Pole
Technical Indicator :- Positive MACD Crossover
Chemplasts bullish chart target 60024Sep2023
Buy ChemPlasts Between 466-490
SL 412
Target 1: 541
Target 2: 604
Target 3: 668
ChemPlasts has given Classic Head and Shoulder pattern breakout and tested the breakout
Previous lower high broken with Volume
Forming rounding bottom
HFCL - Weekly AnalysisIn the Weekly Chart of HFCL ,
we can see that, it has Respected the Inverted Head & Shoulder Trendline.
We might soon se a strong breakout.
Enter on breaking Candle's high i.e. 78.60 with SL as 71.20.
Book your profits as per your RR trade plan.
